Paul Craig Roberts: Global Economic Forecast

06/09/2011 Wall Street fell for a 3rd straight day on worries that Europe can't take care of its debt dilemma. Many Europeans are trading in their euros for Swiss francs. The Swiss National Bank has put a minimum exchange rate of 1.20 francs to the euro. The present value of the franc is a danger to the financial system. The SNB said it would implement the minimum rate by buying foreign currency in unlimited quantities. Economist & author, Paul Craig Roberts, tells us how this could affect the world economy. Follow Kristine on Twitter at twitter.com

This site offers factual information and viewpoints that might be useful in arriving at an understanding of the events of our time. We believe that the information comes from reliable sources, but cannot guarantee the information to be free of mistakes and incorrect interpretations. IPE has no official position on any issue and does not necessarily endorse the statements of any contributor.